Teo Ho Pin's 'reassurance' is hardly reassuring

[Avantas]

For a second time in as many days, the Coordinating Chairman for PAP Town Councils Dr Teo Ho Pin has to step forward to “reassure” the public that the sinking funds are not being mis-managed, this time via a media statement, a reflection of the growing discontent and ramblings on the ground against the Town Councils’ non-disclosure of its full accounts. ( read CNA article here )

Dr Teo Ho Pin’s “reassurance” raises more questions given that he is merely rehashing old arguments in defence of the PAP Town Councils:


1. “…. town councils have been prudent because they understand their responsibility to residents.”

If this is really true, why did it take the Town Councils more than two months to reveal their exposure to the structure-linked products when Lehman’s bankruptcy had occured in September and they only bother to do so after a NMP Eunice Olsen raised the question in Parliament. Don’t they feel that residents need to be informed at first notice about what is going on with the sinking funds which is collected from their S&C fees over the years ?

Read full article here:

http://wayangparty.com/2008/11/26/teo-ho-pins-reassurance-is-hardly-reassuring/

 

[mscitw]

hah, those fat cats burn peasants' cash and Marboro fold his hands and act blur blur!

in this stupid country where WKS can act blur and stay intact after Mas limped away, its disgraceful that connections make u immune to all sorts of gabras.

 

[PJ Boy]

For a second time in as many days, the Coordinating Chairman for PAP Town Councils Dr Teo Ho Pin has to step forward to “reassure” the public that the sinking funds are not being mis-managed, this time via a media statement, a reflection of the growing discontent and ramblings on the ground against the Town Councils’ non-disclosure of its full accounts. ( read CNA article here )

Didn't a PAP minister reassure us, in parliament no less, about the old NKF too?

 

[batman1]

Investment losses S$18 million onlywhat .why the big fuss? (Of course not his money)Ya Lah Just increase charges to cover the losses.Lan lan the residents also have to pay.Easy .Simple as ABC.That's what the MIW have been efficient in this modus operandi the time

 

[zhihau]

Investment losses S$18 million onlywhat .why the big fuss? (Of course not his money)Ya Lah Just increase charges to cover the losses.Lan lan the residents also have to pay.Easy .Simple as ABC.That's what the MIW have been efficient in this modus operandi the time

pay and pay?

 

[Leegimeremover]

What is the definition of proper management and mismanagement? Is 3% with Lehman mini considered proper management over oppositions' 6% with no mini?

 

[jw5]

Didn't a PAP minister reassure us, in parliament no less, about the old NKF too?

I am the most worried when they try to "ressure" us.

 

[ForzaFerrari88]

For a second time in as many days, the Coordinating Chairman for PAP Town Councils Dr Teo Ho Pin has to step forward to “reassure” the public that the sinking funds are not being mis-managed, this time via a media statement, a reflection of the growing discontent and ramblings on the ground against the Town Councils’ non-disclosure of its full accounts. ( read CNA article here )

Dr Teo Ho Pin’s “reassurance” raises more questions given that he is merely rehashing old arguments in defence of the PAP Town Councils:


1. “…. town councils have been prudent because they understand their responsibility to residents.”

If this is really true, why did it take the Town Councils more than two months to reveal their exposure to the structure-linked products when Lehman’s bankruptcy had occured in September and they only bother to do so after a NMP Eunice Olsen raised the question in Parliament. Don’t they feel that residents need to be informed at first notice about what is going on with the sinking funds which is collected from their S&C fees over the years ?

Read full article here:

http://wayangparty.com/2008/11/26/teo-ho-pins-reassurance-is-hardly-reassuring/

He needs to assure the residents that service standards will not be compromise and that there will be no fee increases in the foreseeable future. That should put the matter to rest.

 

[angry_one]

Both Teo Yi Pin and Gan Kim Yong, who later become some minister of state, don't even attend their own Meet-the-pple sessions in Bt Panjang. That speaks volumes about their real attitudes towards public service.

 

[Wisely]

For a second time in as many days, the Coordinating Chairman for PAP Town Councils Dr Teo Ho Pin has to step forward to “reassure” the public that the sinking funds are not being mis-managed, this time via a media statement, a reflection of the growing discontent and ramblings on the ground against the Town Councils’ non-disclosure of its full accounts. ( read CNA article here )

Dr Teo Ho Pin’s “reassurance” raises more questions given that he is merely rehashing old arguments in defence of the PAP Town Councils:


1. “…. town councils have been prudent because they understand their responsibility to residents.”

If this is really true, why did it take the Town Councils more than two months to reveal their exposure to the structure-linked products when Lehman’s bankruptcy had occured in September and they only bother to do so after a NMP Eunice Olsen raised the question in Parliament. Don’t they feel that residents need to be informed at first notice about what is going on with the sinking funds which is collected from their S&C fees over the years ?

Read full article here:

http://wayangparty.com/2008/11/26/teo-ho-pins-reassurance-is-hardly-reassuring/

Don't worry Ng Ejay I'm not after your a*s here. Got to say how right you are. The question pooped up months before and Teo was bloody evasive, saying the town council funds were not adversely affected.

 

[oli9]

Most HDB dwellers will be feel assured if this Mangy Dog takes the bold step & resign.
So what if the TC made billions. A few rights doesnt correct ONE wrong. To start with, this money isnt even his. So who gave them the mandate to invest in risky investments? No need to be accountable ah?
Hope the future stupid 66.6% will vote with "eyes open" next time round.

 

[Leegimeremover]

Both Teo Yi Pin and Gan Kim Yong, who later become some minister of state, don't even attend their own Meet-the-pple sessions in Bt Panjang. That speaks volumes about their real attitudes towards public service.

He dare say he never bo chap in chinese papers. If he never attend means bo chap. If he punt and still lose to putting in just government bonds, also bo chap in doing a good job. 3 percent actually lose money. So failure. Opposition 6 %

 

[rainnix]

He shld say: "dun worry - it only peanuts!"